Claims
Increased urbanization and inflation, combined with more frequent and severe storms, are expected to drive the global modelled insured average annual loss (AAL) from natural catastrophes (NatCats) to $151 billion in 2024, Verisk reports. When you strip out the crop losses, the total is $119 billion, a 12% increase over the previous five-year average. “In […]
By David Gambrill | September 3, 2024
2 min read
iA Financial Group expects to take less than a $10-million 2024 Q3 loss related to flood damage after Tropical Storm Debby hit Quebec.
By David Gambrill | August 30, 2024
3 min read
An insurance company can only claim equitable contribution against another insurer, not against an insured: Ontario Court of Appeal
4 min read
An earthquake early detection system has been activated in B.C. to provide up to “tens of seconds” of notice.
By Jason Contant | August 30, 2024
A number of waterspouts — also known as tornadoes over water — occurred in recent days in Quebec and Nova Scotia.
By Jason Contant | August 29, 2024
Crews on the site of a major cyanide spill at a mine in Yukon are facing an intense period of work to install environmental protection.
By Jason Contant | August 28, 2024
The BC Wildfire Service says favourable weather has allowed crews to make good progress in the province's battle against hundreds of blazes.
By Jason Contant | August 27, 2024
One idea to reduce the cost of damage and the social consequences of future floods is to regulate the use of basements.
By Jason Contant | August 26, 2024
5 min read
One Calgary city councillor is suggesting the reintroduction of a resilient roofing program following a massive hailstorm this month.
It's not enough for businesses simply to establish voluntary refund programs to defeat consumer class action lawsuits against them.
By David Gambrill | August 26, 2024
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